Islamabad Chamber Calls for Business-Friendly Budget Talks

Islamabad Chamber Calls for Business-Friendly Budget Talks

Islamabad, March 16, 2024 – Ahsan Zafar Bakhtawari, President of the Islamabad Chamber of Commerce and Industry (ICCI), has emphasized the immediate need for the government to engage in discussions with business leaders concerning the forthcoming budget for the fiscal year 2024-25.

Bakhtawari’s call aims to ensure that the upcoming budget is tailored to support businesses and foster economic growth.

In a statement issued by the ICCI, Bakhtawari highlighted the pressing issue of high inflation rates leading to a widening trade deficit, exacerbating the challenges faced by the business community. He stressed that the current situation necessitates proactive engagement between the government and business leaders to address these challenges effectively.

“The hardships experienced by the business community demand urgent attention from the government,” stated Bakhtawari. “Initiating deliberations with business leaders and incorporating their suggestions into the budget document is essential to alleviate these problems, which will ultimately benefit the broader population.”

Bakhtawari expressed optimism that the incumbent government, in line with its election manifesto, will prioritize this issue and formulate long-term policies that serve the interests of the business community and the general public.

“The vision of Prime Minister Shehbaz Sharif, coupled with his understanding of the challenges faced by entrepreneurs and the masses, instills confidence that he will direct his economic team to commence consultations with business leaders promptly,” Bakhtawari added.

The call for budget discussions reflects the ICCI’s commitment to advocating for a conducive business environment and promoting economic prosperity in Islamabad and beyond. By engaging in dialogue with the government, the ICCI aims to ensure that the upcoming budget addresses the pressing needs of businesses and facilitates sustainable growth.

It is anticipated that the proposed discussions will focus on key areas such as tax reforms, regulatory measures, investment incentives, and infrastructure development, among others. Through collaborative efforts, the government and business community can work together to overcome challenges and capitalize on opportunities for economic advancement.

As stakeholders await further developments, the ICCI remains steadfast in its commitment to representing the interests of businesses and advocating for policies that stimulate economic growth and prosperity in the region.

For updates and progress on the budget deliberations, stakeholders are encouraged to follow official announcements from the Islamabad Chamber of Commerce and Industry and government sources.